March 1, 2016 | Michael Smyth | The Province
Quoted from the article:
The latest report from RBC on Vancouver’s hyper-inflated housing market didn’t pull punches in describing our descent into real-estate madness.
Home prices in the city are “dangerously unaffordable” and “astounding” and potentially “detached from reality,” said the Housing Trends and Affordability report.
“It’s a crisis,” said NDP housing critic David Eby, insisting de Jong should take aggressive action.
“Managing what is currently an out-of-control real estate market should be a priority of this provincial government. Instead, they seem content to just watch and see what happens.”
Read the full article: http://www.theprovince.com/business/smyth+finance+minister+jong+soft+pedals+warning+vancouver/11753069/story.html